Tech901 is located in Memphis, TN. The organization was established in 2015. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2021, Tech901 employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tech901 is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Tech901 generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.4% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 29.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TECH901'S MISSION IS TO TRAIN INDIVIDUALS FOR A VARIETY OF INFORMATION TECHNOLOGY JOBS AND TO WORK WITH EMPLOYERS TO INCREASE THE MEMPHIS TECHNOLOGY JOB BASE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNOLOGY TRAINING TO INDIVIDUALS IN ORDER TO ENHANCE THE TALENT BASE FOR TECHNOLOGY JOBS WHILE PROVIDING AWARENESS TO MEMPHIS AND MID-SOUTH BUSINESSES OF THE ENHANCED TALENT POOL. ESTIMATED CLIENTS SERVED 300.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Steve Denegri Chief Operating Officer | Officer | 40 | $125,053 |
Jennifer L Carmichael Director Of Marketing | 40 | $106,007 | |
Robert Montague Executive Director | Officer | 40 | $72,152 |
Tom Marino President | OfficerTrustee | 2 | $0 |
David Montague Treasurer | OfficerTrustee | 2 | $0 |
David Harris Secretary | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $156,600 |
All other contributions, gifts, grants, and similar amounts not included above | $1,717,206 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,873,806 |
Total Program Service Revenue | $65,263 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,939,069 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $245,991 |
Compensation of current officers, directors, key employees. | $17,193 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $591,842 |
Pension plan accruals and contributions | $6,430 |
Other employee benefits | $110,520 |
Payroll taxes | $56,332 |
Fees for services: Management | $0 |
Fees for services: Legal | $540 |
Fees for services: Accounting | $23,368 |
Fees for services: Lobbying | $20,450 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $12,704 |
Advertising and promotion | $45,211 |
Office expenses | $33,270 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $130,644 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,713 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $46,190 |
Insurance | $6,459 |
All other expenses | $727 |
Total functional expenses | $1,392,102 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,052,004 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $618,423 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,670,427 |
Accounts payable and accrued expenses | $18,996 |
Grants payable | $0 |
Deferred revenue | $14,039 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $33,035 |
Net assets without donor restrictions | $1,526,392 |
Net assets with donor restrictions | $111,000 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,670,427 |
Over the last fiscal year, we have identified 4 grants that Tech901 has recieved totaling $127,414.
Awarding Organization | Amount |
---|---|
Assisi Foundation Of Memphis Inc Memphis, TN PURPOSE: ADULT IT JOB TRAINING | $56,000 |
Slingshot Memphis Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $32,164 |
Regions Foundation Birmingham, AL PURPOSE: GENERAL SUPPORT | $30,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $9,250 |
Organization Name | Assets | Revenue |
---|---|---|
Isha Foundation Inc Mcminnville, TN | $77,293,567 | $29,444,562 |
John Marshall Online Inc Atlanta, GA | $11,713,924 | $9,257,448 |
American Board For Certification In Orthotics & Prosthetics Inc Alexandria, VA | $27,674,862 | $8,130,856 |
Abraham J & Phyllis Katz Foundation Ua 060794 Newnan, GA | $48,678,737 | $4,412,136 |
Alabama Partnership For Children Montgomery, AL | $2,774,532 | $6,902,612 |
Mid-South Carpenters Regional Council Training Trust Fund Chattanooga, TN | $11,869,784 | $4,623,435 |
Literacy Kansas City Kansas City, MO | $1,783,046 | $2,841,106 |
The Virginia Center For Policing Innovation Richmond, VA | $3,512,046 | $2,842,385 |
Progressive Abilities Support Services Inc Savannah, GA | $457,648 | $2,076,851 |
Society Of Cardiovascular Computed Tomography Arlington, VA | $2,676,474 | $2,337,987 |
East Central Georgia Consortium Thomson, GA | $497,694 | $1,856,381 |
Hi-Tech Charities Saint Louis, MO | $4,192,026 | $2,946,711 |